One House At A Time, Inc.
3553 Chestnut Ave., Suite 2N
Baltimore, MD 21211
ABSOLUTE RECEIVER'S AUCTION
To The Highest Bidder Over $10,000
Arts & Entertainment District
LANDMARK COMMERCIAL BUILDING
13,650+/- Sq. Ft. GBA ★ 0.16+/- Acre
Formerly known as "Odell's" Night Club
21 E. NORTH AVENUE
a/k/a 19-21 E. North Avenue
Corner N. Lovegrove Street
Baltimore City, MD 21202
|★ BIDDER PRE-QUALIFICATION REQUIRED ★
WITH ONE HOUSE AT A TIME
BY THURSDAY, JUNE 2 ND
Previously Qualified Bidders Must Also Verify Their Status
- See Pre-Qualification Requirements Below -
Sales To Be Held:
Pursuant to the Order Appointing a Receiver to Sell a Vacant Building, et al., of the District Court of Maryland for Baltimore City, as noted below, passed in the matter of Mayor and City Council of Baltimore acting by and through the Baltimore City Department of Housing and Community Development, Petitioner v. REV-PS, LLC, et al., as per case number 28830-13, the undersigned Receiver will sell at public auction, all that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the Deed referenced as noted.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
19-21 E. North Avenue is located in the Charles North neighborhood in central Baltimore City, and is part of the Station North Arts & Entertainment District. Proximity to the Maryland Institute College of Art (MICA), University of Baltimore, Penn Station and the State designation as an Arts & Entertainment District have fostered substantial changes in the area over the last several years. There are new education buildings, retail development, multi-unit development and renovations of many existing buildings nearby. The JHU-MICA Film Center on the opposite side of the street, once a long-vacant dilapidated building, exemplifies the nature of change in Station North.
The property has been used for a number of commercial operations, and most notably as Odell's, a famous area night club. Situated at the corner of North Avenue and Lovegrove Street, the property retains good exposure with an accessible orientation on the block. State Highway Administration statistics show more than 20,000 cars per day traveling along North Avenue. Vehicle access to the full lot allows for parking potential, truck access and more varied options for redevelopment.
For more information about Station North, please visit:
For more information about Charles North, please visit:
Rectangular lot - 39' x 175', more or less
39' of road frontage along North Avenue - high visibility for both east and west bound traffic
The east side and rear of the lot front along wide alleys, known as N. Lovegrove Street and E. Trenton Street, respectively, and are accessible by car and commercial vehicle from E. North Avenue, N. Charles Street and E. Lafayette Avenue
Zoned: B-5-2, Central Commercial District
For more information, see the Baltimore City Zoning Code
All public utilities
Two story brick freestanding commercial building - according to public tax records, the building was constructed in 1905 and contains 13,650 square feet plus basement. The building features a Tudor-style façade with terra cotta roof fascia, flat built-up roof, concrete floors and approximately 16' ceiling heights. The basement is at grade in the rear of the building. Needs full renovation.
Published annual real estate taxes are $3,735.88 based on a full value assessment of $158,300.
The property is in fee simple; and is being sold free and clear of all liens. Deed Liber FMC 16002, folio 449.
Request Access to Property
To arrange an inspection, interested persons must sign the Waiver of Liability (see above link) and return the completed form to the office of the Auctioneer. Instructions for inspection will be sent to you via email.
IMPORTANT - THE PROPERTY IS BEING SOLD SUBJECT TO VACANT HOUSE NOTICES ("VHN") BY THE CITY OF BALTIMORE. THE PURCHASER SHALL BE REQUIRED TO REHABILITATE EACH PROPERTY ACCORDING TO THE ORDER(S) UNDER THAT VHN.
TERMS OF SALE
A $10,000 deposit, payable by certified check or cashier's check (NO CASH), will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's Office. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the District Court of Maryland for Baltimore City at a location designated by the Receiver. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 8% per annum, from date of sale to date of settlement. All adjustments as of date of sale. Taxes and all other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any, as well as existing zoning. The ground rent or fee simple title stated for each property is as determined from sources deemed to be reliable, and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Any ground rent determined to be on the property, including the redemption thereof, is the sole responsibility of the purchaser, irrespective of whether that ground rent is stated within the advertisement or contract of sale. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Receiver, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Receiver is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Receiver, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.
Due to the nature of the Receivership action and the Order of the District Court of Maryland for Baltimore City, Purchaser shall not assign this Contract without prior, written permission of the Receiver, which may be withheld in Receiver's sole and absolute discretion.
One House At A Time, Inc., Receiver
No Buyer's Premium
ALL BIDDERS MUST APPLY TO PRE-QUALIFY WITH ONE HOUSE AT A TIME BY THURSDAY, JUNE 2, 2016. Please see below for proper form. Bidders who are not pre-qualified SHALL NOT be allowed to participate in this auction; NO EXCEPTIONS.
Return Completed Application To:
For additional information, visit: